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Save for your child's future with a RESP.
A Registered Education Savings Plan (RESP) is a tax-sheltered government plan that allows you to contribute up to $50,000 for a child’s post-secondary education – whether it’s your child, a grandchild or a friend's child.
Enjoy the benefits of an RESP
- Grow your money – Because your RESP is tax-free, your earnings will be tax sheltered.
- Anyone can contribute – Niece, nephew, child of a friend or your own child – you can help make their future educational dreams a reality.
- Less tax when withdrawn – When the child begins to withdraw funds for their education, they will pay less tax as they will likely be in a lower tax bracket.
- Benefit from the Canada Education Savings Grant – The federal government will contribute up to a lifetime maximum of $7,200 to your child's plan.
Ready to put the power of investing to work for you?
Speak to our helpful advisor today.
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Whether you're an investing expert or a total beginner, our experienced team will tailor their advice to help you maximize your child's education savings.
Our RESP Calculator will help you figure out how much you can set aside before the child starts school, and how government grants will help your savings.
Get in touch with us!
We look forward to connecting with you.
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© Saskatoon City Employees Credit Union. All rights reserved.
© Saskatoon City Employees Credit Union. All rights reserved.